Barclays initiated Cloudflare coverage with an "overweight" rating and $235 price target
Cloudflare Inc (NYSE:NET) stock is up 4.4% at $205.92 at last check, after Barclays initiated coverage with an "overweight" rating and price target of $235. The firm cited a number of reasons, including the increased adoption of cloud computing, need for cybersecurity, and advancements in AI.
Analysts are fairly split on Cloudflare stock. Of the 36 in coverage, 20 now carry a "buy" or better rating, with 16 a "hold" or worse. Meanwhile, the 12-month consensus price target of $239.21 is a 17.6% premium to current levels.
On the charts, NET's sharp pullback from its Nov. 3 record high of $260 found familiar support at the $180 level, which coincided with its ascending 180-day moving average. A short-term bounce may have already been in the cards, per the stock's 14-day Relative Strength Index (RSI) of 19, firmly in "oversold" territory. Extending its rebound off those trendlines, NET is up 90.4% in 2025.
When weighing in on the equity's next move, options look like a good way to go. NET's Schaeffer's Volatility Index (SVI) of 53% ranks in the 24th percentile of its annual range, meaning options traders are pricing in low volatility expectations.